Allspring Global Investments Holdings LLC Cuts Position in Leidos Holdings, Inc. $LDOS

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Leidos Holdings, Inc. by 4.4%, owning 501,823 shares after selling 22,977 shares in the second quarter.
• Leidos reported $3.21 earnings per share for the last quarter, exceeding analysts' expectations of $2.63, with total revenue reaching $4.25 billion.
• Leidos declared a quarterly dividend of $0.40 per share on September 30th, representing a 0.9% yield and a payout ratio of 15.12%.

Allspring Global Investments Holdings LLC reduced its position in shares of Leidos Holdings, Inc. (NYSE:LDOS - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 501,823 shares of the aerospace company's stock after selling 22,977 shares during the period. Allspring Global Investments Holdings LLC owned about 0.39% of Leidos worth $80,763,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of LDOS. MCF Advisors LLC purchased a new position in Leidos during the 1st quarter valued at about $27,000. First Pacific Financial acquired a new stake in shares of Leidos during the second quarter worth about $27,000. Raleigh Capital Management Inc. purchased a new position in shares of Leidos in the second quarter valued at approximately $29,000. Optimum Investment Advisors grew its holdings in shares of Leidos by 260.0% in the first quarter. Optimum Investment Advisors now owns 234 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in Leidos during the 1st quarter worth approximately $33,000. 76.12% of the stock is owned by institutional investors and hedge funds.

Leidos Stock Performance

Shares of LDOS opened at $186.04 on Tuesday. The company's 50 day simple moving average is $183.47 and its 200-day simple moving average is $162.55. The firm has a market cap of $23.87 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.76 and a beta of 0.71. Leidos Holdings, Inc. has a 12-month low of $123.62 and a 12-month high of $202.90. The company has a current ratio of 1.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06.

Leidos (NYSE:LDOS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $3.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.63 by $0.58. The firm had revenue of $4.25 billion during the quarter, compared to analysts' expectations of $4.24 billion. Leidos had a net margin of 8.22% and a return on equity of 33.57%. Leidos's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.63 EPS. Leidos has set its FY 2025 guidance at 11.150-11.450 EPS. As a group, equities analysts predict that Leidos Holdings, Inc. will post 10.62 EPS for the current year.

Leidos Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, September 15th. Leidos's payout ratio is 15.12%.

Analyst Ratings Changes

LDOS has been the subject of several recent research reports. Royal Bank Of Canada raised shares of Leidos from a "hold" rating to a "moderate buy" rating in a research report on Thursday, September 4th. Wall Street Zen lowered shares of Leidos from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. UBS Group lifted their price objective on shares of Leidos from $168.00 to $184.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Jefferies Financial Group raised Leidos from a "hold" rating to a "buy" rating and increased their target price for the company from $185.00 to $205.00 in a report on Wednesday, August 6th. Finally, Truist Financial set a $195.00 price target on Leidos in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $188.31.

Insider Buying and Selling at Leidos

In other Leidos news, Director Gregory R. Dahlberg sold 952 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $177.43, for a total transaction of $168,913.36. Following the completion of the sale, the director directly owned 21,068 shares of the company's stock, valued at $3,738,095.24. This represents a 4.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gary Stephen May sold 2,000 shares of Leidos stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $178.05, for a total value of $356,100.00. Following the completion of the transaction, the director owned 10,137 shares in the company, valued at $1,804,892.85. This trade represents a 16.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,975 shares of company stock valued at $4,078,740 in the last ninety days. Insiders own 0.69% of the company's stock.

Leidos Company Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.

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